Believe you're making all the best cash moves? These apparently "wise" middle-class purchases might actually be keeping you from developing genuine wealth. From costly cars on credit to succumbing to "invest to conserve" marketing techniques, I'm exposing the covert ways your daily buying choices could be draining your bank account.
TIMESTAMPS
00:00:00 – Intro
00:00:31 – Middle Class Purchase # 1.
00:02:15 – Middle Class Purchase # 2.
00:06:08 – Middle Class Purchase # 3.
00:08:14 – Middle Class Purchase # 4.
00:10:06 – Middle Class Purchase # 5.
00:12:05 – Middle Class Purchase # 6.
00:14:02 – Middle Class Purchase # 7.
00:14:57 – Middle Class Purchase # 7.
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*** THINGS POINTED OUT IN THIS VIDEO! ***.
Join my Call-to-freedom newsletter!
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*** BOOKS I ADVISE ***.
I Will Teach You to Be Rich (funny how-to book on personal financing for millennials).
The Little Book of Sound Judgment Investing (Jack Bogle's timeless guidance on index funds).
InvestED (step-by-step, millennial-friendly guidance on how to select stocks like Warren Buffett).
Unshakeable (this book = courage. blast ALL the fears & misconceptions you have about investing).
Rich Dad Poor Dad (# 1 selling personal finance book of perpetuity … need I say more?).
Think and Grow Abundant (the supreme book on money frame of mind and wealth consciousness).
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*** MY FAVORITE CASH TOOLS ***.
YNAB (I literally can't live without this budgeting app, so obsessed).
Wise (like Venmo but for worldwide currencies – I utilize this app a LOT for my life in Mexico).
High-Yield Cost Savings Accounts (do not go for 0% when you can get 3%+ on your savings).
Journal Nano S (crypto storage hardware wallet, due to the fact that "Not Your Keys, Not Your Crypto"!):.
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DISCLAIMERS & DISCLOSURES ❤.
This material is for education and home entertainment purposes just. Rose does not provide tax or financial investment advice. The information is being presented without factor to consider of the financial investment goals, danger tolerance, or financial scenarios of any particular financier and may not be suitable for all investors. Previous efficiency is not a sign of future results. All investing involves threat, consisting of the possible loss of principal.
This description includes affiliate links that allow you to discover the items mentioned in this video and support the channel at no cost to you. Investing With Rose is a participant in the Amazon Providers LLC Associates Program, an affiliate advertising program developed to provide a means for sites to make advertising charges by marketing and connecting to www.amazon.com. Thank you for your assistance!
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Handbag made out of a dead animal? No thanks. What was the cost per use to the crocodile?
I like the rule of thumb for a 3-7 yr old used car with 40k miles
Cars are such a necessity I don’t think we can criticize people for using financing. Let’s face it, 90% of people can’t afford to buy a new car outright. Buying new is a financial act of self harm but oh so tempting
The college that I graduated from told me I was “unemployable” right after I graduated when I went into the career placement office looking for help finding a job. You don’t have to tell me college degrees are pretty worthless. Especially Liberal Arts degrees.
STEM is the only thing worth getting a degree for
@@NarcolepticRaccoon7 I totally believe it.
I would go to DD’s or Melvin’s or Ross to buy a cute bag. Bags to those stores are soo affordable and high quality
I run into problem number 8 when I go shop at Dollar Tree. I tend to want to buy whatever gets my attention because everything is so cheap. You end up going home with a cart full of stuff and half of it you don’t need. A store like that is useful for essentials but they sell a lot of shiny junk too that catches your attention.
My investment portfolios are Bitcoin, ETH and XAI21K
Just watched your video discussing XAI21K and I am very excited about this
Thanks for sharing XAI21K and SUI. 💯
Your video convinced me to invest in XAI21K, expecting 10x gains. Excited for listings!
Bought XAI21K after watching your video, super excited! 💰
Great video! Thanks to videos such as this – I have been able to completely change my family’s life – after deciding to focus on personal finance when I found out I was going to be a father – 5 years ago.
By consistently investing in stocks, real estate, crypto, and running my own Air BnB short term rental business – I have been able to accumulate hundreds of thousands of dollars in net worth.
At only 32 years old- this will undoubtedly grow to millions in the future. It’s crazy how minimal sacrifice, budgeting and truly understanding what is important, can completely change everything.
Keep up the great work!
I can relate to smart watches vs dress watches. Given the battery life of smart watches their cost per use is capped at a couple of years where a good dress watch can last decades.
You have a phone, absolutely zero need for a watch.
The Erewhon smoothies are so overpriced, but ngl they are delicious
Now that you mention smoothies… I went to Jamba Juice for the first time in probably 10 years and ordered some good looking mango smoothie. Cashier said it’ll be $10.50!! It only had 3 ingredients!! Ones that I already had at home! Thank God I make my own smoothies at home. (Still purchased it lol)
Here is a thought for you – Lets say you spend $6.00 a day on Starbucks or whatever. Well $6.00 x 7 days a week is $42.00 a week. Making coffee at home in my Kurig costs $0.60 a day. So with that savings you could buy 1 share or so of a stock every week consistently and you keep doing that, it will give a start at least.
If you buy an item and save 20%, just don’t buy it and you will save 100%. Saving is not buying something at a lower price, it’s putting money away for another day.
The Erewhon smoothies 🙄😒 oh my!!! In Finland we have this phrase ” ei se ole hullu joka pyytää, vaan se joka maksaa” wich means “it is not the crazy who asks, but the one who pays”
A $30-50 handbag would accomplish the same thing.
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